Latest news with #AccelPartners
Bloomberg
a day ago
- Business
- Bloomberg
About 20% of Tech Startups Worth More Than $1 Billion Will Fail, Accel Says
There are more than 1,000 technology unicorns, meaning venture backed companies worth $1 billion or more, but at least 1 in 5 are likely to fail, Rich Wong, a partner at venture capital firm Accel Partners. 'I think maybe out of that thousand, 20% fully die. The end,' Wong said Thursday at the Bloomberg Tech conference in San Francisco.
Bloomberg
12-05-2025
- Business
- Bloomberg
AI Search Startup Perplexity Nears Funding at $14 Billion Value
Perplexity AI Inc., a startup building an artificial intelligence search engine to compete with Google, is in advanced discussions to raise a new round of funding at a $14 billion valuation — a jump from its most recent value but lower than it was initially targeting. Accel Partners is in talks to lead a $500 million investment in the startup, according to people familiar with the matter, who spoke on condition of anonymity to discuss private deliberations. Bloomberg News previously reported Perplexity was looking to raise as much as $1 billion at a valuation of $18 billion, including the amount raised in the round.
Bloomberg
27-02-2025
- Business
- Bloomberg
Accel-Backed Fintech Startup Seeks $120 Million in Funding Round
Nala, an African startup backed by venture-capital funds such as Accel Partners, aims to raise as much as $120 million in its next financing round by selling an equity stake of between 10% and 15%. Founded in 2016, the Tanzania-based payments company raised$40 million last year and spent it on expanding beyond Africa and building out an inter-business payment platform for the continent. It has raised a total of $50 million from backers including Y-Combinator Inc, DST Global and Acrew Capital.
